European Central Bank (ECB) President Mario Draghi (R) and Vice President Vitor Constancio address the monthly ECB news conference in Frankfurt June 5, 2014. The European Central Bank said on Thursday... more

European Central Bank (ECB) President Mario Draghi (R) and Vice President Vitor Constancio address the monthly ECB news conference in Frankfurt June 5, 2014. The European Central Bank said on Thursday it will offer banks a targeted long-term refinancing operation (LTRO) to persuade them to lend, was preparing to purchase asset-backed securities in future and will discontinue sterilising previous bond purchases. REUTERS/Ralph Orlowski (GERMANY - Tags: BUSINESS) less